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Merkel Takes a Political Hit & EUR Suffers
Risk appetite in FX was muted at the start of this trading week, as renewed worries over Japans Fukushima nuclear plant coupled alongside German Chancellor Merkel's CDU party's disappointing results in Baden-Wurttemburg. USD found support from hawkish comments by Fed members, although the two culprits of Fisher and Plosser are already considered more hawkish members. The overall gist of their... ...More...
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